Posted by averageguy on 21st of Jul 2009 at 10:08 am
STEVE,or anyone -5,3,3, on my SPY daily is looking like mid
march . I read somewhere that the final third of aabear rally is
very fast faster then the first third ....and the way to play it is
pre-position (even without TA ) comments please .
If history is a guide, the second leg up (in this case Major
Wave C up of Primary Wave B) is typically shorter in duration in
BOTH time and price. At this time, we just have to take
things one day at a time and see how things unfold. The
intermediate trend is UP and picking tops is not easy or
objective. Without a catlyst, the market is unlikely to begin
a freefall anytime soon - sure we are overbought near term so a
pullback is likely. As Matt has stated for months, the US
Dollar (and EUR/YEN) are also something to watch in the coming
days/weeks. A strong reversal in these would be one catalyst
that holds merit.
STEVE,or anyone -5,3,3, on my
Posted by averageguy on 21st of Jul 2009 at 10:08 am
STEVE,or anyone -5,3,3, on my SPY daily is looking like mid march . I read somewhere that the final third of aabear rally is very fast faster then the first third ....and the way to play it is pre-position (even without TA ) comments please .
I'm not sure I understand
Posted by steve on 21st of Jul 2009 at 10:11 am
I'm not sure I understand you question - maybe you can post a chart showing the comparisons and clearly what your thinking.
Steve, do u agree the
Posted by averageguy on 21st of Jul 2009 at 10:15 am
Steve, do u agree the last third of a bear rally is the fastest and hardest to enter, with all the short covering and chasing ?
If history is a guide,
Posted by steve on 21st of Jul 2009 at 10:52 am
If history is a guide, the second leg up (in this case Major Wave C up of Primary Wave B) is typically shorter in duration in BOTH time and price. At this time, we just have to take things one day at a time and see how things unfold. The intermediate trend is UP and picking tops is not easy or objective. Without a catlyst, the market is unlikely to begin a freefall anytime soon - sure we are overbought near term so a pullback is likely. As Matt has stated for months, the US Dollar (and EUR/YEN) are also something to watch in the coming days/weeks. A strong reversal in these would be one catalyst that holds merit.
with AAPL reporting after the
Posted by dylan398 on 21st of Jul 2009 at 11:10 am
with AAPL reporting after the bell...I can't see the shorts putting on BIG positions..intraday...